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In the domain of applied artificial intelligence (AI) for materials science, uncertainty emerges as a pivotal signal that informs design decisions, yet its conceptual interpretation remains underexplored. This paper delineates uncertainty as the lack of complete knowledge about a system's state or outcomes, distinct from confidence, which reflects a model's self-assessed reliability in predictions; risk, which weights uncertainty by potential consequences; and actionability, which denotes the warrant for proceeding with design actions based on interpreted signals. Traditional approaches often conflate these concepts, leading to suboptimal decisions in materials discovery and optimization. For instance, high confidence in AI predictions may not equate to low risk in high-stakes applications like alloy design for extreme environments, where epistemic gaps could amplify failures. This conceptual manuscript proposes a decision-theoretic framework, the Uncertainty-to-Action Map, that translates uncertainty types—epistemic, aleatory, and semantic—into risk postures and subsequent action classes, such as screening candidates, prioritizing explorations, deferring judgments, redesigning models, stopping pursuits, hedging bets, or diversifying portfolios. By incorporating gates for stake assessment, ambiguity detection, domain scope evaluation, cost asymmetry analysis, and stopping logic, the framework mitigates failure modes like overconfidence and decision paralysis. This model fosters a nuanced view, emphasizing that uncertainty, when properly interpreted, serves as a design asset rather than a hindrance, promoting robust AI-assisted materials innovation.